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Worst Week for Amazon Stocks in 4 Years

Amazon stocks dropped 12% this week, marking their worst week since December 21, 2018, when they fell 13.4%. The market indexes including Nasdaq Composite, S&P 500 and Dow Jones Industrial Average declined 1.9%, 1.3%, and 1.3%, respectively. 

This week’s losses are due to huge pressure from the technology market sell-off. Markets declined on Friday as investors worried about higher interest rates as well as some company earnings reports.

With the Federal Reserve increasing interest rates frequently in 2021 to deal with rising inflation, many investors are troubled. Additionally, on Thursday, Netflix announced a distressingly weak subscriber prospect, and its shares dropped nearly 22% the next day.

Netflix will be the first major technology company to publish earnings report in this season. Companies like Apple, Microsoft and Tesla will release their financial reports this week. Amazon’s report is for the fourth quarter, February 3.

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By Saha on January 22, 2022

World Bank's Plea for Private Investors Support

The World Bank calls on the governments of developing countries to secure private investments as they can strengthen public–private partnership (P3) for attaining their Sustainable Development Goals. Following the blockage of international tax cooperation in Addis Ababa Conference on United Nations' Financing for Development in 2015, P3 has been increasingly supported. The procedure has been going fast; establishment of Global Infrastructure Facility (GIF) assisted was a nice attempt for coordination of multilateral development banks and others, private investors and governments. The G20, too, is refining the directives of both national and international banks to help them with better coordination of P3 and private investors. Samira H.
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By Samira Hassanzadeh on October 19, 2021


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